Quick alert that PEPE has just Ping'd a major fib.
Golden fib of many that it has come through so far.
IF there is a top anywhere NEAR here, then THIS is it.
That exact ricochet from the fib is what I call a "Ping".
That comes from "Give me a ping Vasilly, One Ping Only".
That describes it well, like you can almost "hear" the turn.
And my Rule about Pings:
"Not all Pings start a Reversal, but Most reversals Start with a Ping"
If we start pulling back, watch each fib on the way down for clues.
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Golden fib of many that it has come through so far.
IF there is a top anywhere NEAR here, then THIS is it.
That exact ricochet from the fib is what I call a "Ping".
That comes from "Give me a ping Vasilly, One Ping Only".
That describes it well, like you can almost "hear" the turn.
And my Rule about Pings:
"Not all Pings start a Reversal, but Most reversals Start with a Ping"
If we start pulling back, watch each fib on the way down for clues.
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Note
Pullback EXACTLY where expected:But it is NOT yet looking like a topping pattern.
Zoom in (m5) with some notes;
It is possible that an ABC correction is DONE!
4.236 most common wave ender probably wave A.
6.853 next golden multiple a good chance for wavce C.
.
SUMMARY:
- Pullback exactly as expected.
- ABC correction may already be done.
- Bulls do look strong even if we go lower.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.